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AM&CO belongs to Grupo Coppel S.A. de C.V. through Coppel S.A. de C.V.. AM&CO is owned by Grupo Coppel S.A. de C.V., headquartered in Mexico. No. The ultimate owner of AM&CO, Grupo Coppel S.A. de C.V., is headquartered in Mexico, not in the United States.
Coppel is a major Mexican department store chain founded in 1941, specializing in consumer goods, electronics, and apparel, with a significant presence in retail and personal finance.
Sources: coppel.com, grupocoppel.com
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